Block trades

Undisclosed vendor pockets $530 million from CCB sale

The block was done after the close on Friday. Also in the market at the same time was a $342 million sell-down in Indonesian telecom tower company Sarana Menara Nusantara.
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The HK$4.1 billion offering in CCB was kept open for just 25 minutes on Friday
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<div style="text-align: left;"> The HK$4.1 billion offering in CCB was kept open for just 25 minutes on Friday </div>

The renewed interest among investors to put on risk after the European Central Bank’s plan to help stabilise the eurozone market through buy-backs of government bonds on Thursday evening continued on Friday with several major Asian markets adding more than 2%.

The optimism was given further fuel as China announced a number of infrastructure projects, spanning roads, water and ports, to prevent a further slowdown in its economy.

Taking advantage of this backdrop and the strong demand for three relatively large transactions on Thursday night, including the $2 billion sell-down in AIA by American International Group, two more sizeable block trades hit the market after the close...

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